$AXS5S gate..why did the main coin drop 5S and also go down?

AXS5S-21,53%
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Youyivip
· 01-17 07:09
Dear users, hello. The underlying essence of ETFs is contract trading, which is aligned with the rise and fall of the contract market. The characteristics of ETF products can cause wear during volatile market conditions. ETF products also have a rebalancing mechanism. When the underlying positions change, there may be mismatches in the corresponding gains and losses. The platform will perform occasional and scheduled rebalancing. When the price fluctuations are too large or at 0:00 daily, the leverage multiplier will be fixed back to 3x or 5x leverage. For more information on ETF price fluctuations, you can click the link: https://www.gate.io/zh/help/trade/leverage_tokens/17369
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